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27 August, 00:41

Which economic system is driven by competition and became popular during the Industrial Revolution?

A) socialism

B) communism

C) democracy

D) capitalism

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Answers (2)
  1. 27 August, 01:51
    0
    I think the answer is B
  2. 27 August, 02:19
    0
    The correct option is:

    Capitalism.

    Capitalism is an economic system also known as a free market economy or free enterprise economy. It has been predominant in the Western world following the breakup of feudalism. Starting in the 18th century in England, the focus of capitalist expansion moved from commerce to industry. The steady capital accumulation of the previous centuries was invested in the Industrial Revolution.
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